KEY 0.00% 0.1¢ key petroleum limited

Whoops, further drilling in Tz has been pushed back to 2011, not...

  1. 6,736 Posts.
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    Whoops, further drilling in Tz has been pushed back to 2011, not 2010 as I posted.

    It'll be interesting to see if the JV partners go ahead with an appraisal well for the KN find. With the limited spare capacity in the pipeline KN#1 would be sufficient. Unless the seismic finds that KN#1 is huge, ie another Songo Songo, then there's no compelling argument for another well in the short to medium term.

    Under the terms of the PSA one more exploration well has to be drilled, iirc they have til 2012 to drill another well.
 
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